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Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
 The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 percent from the 300 million tons extracted last year.
Bob Kamandanu, chairman on Indonesian Coal Mining Association (APBI) said in Jakarta on Monday the rise in production would be partly due to rising demand from India and China
“The coal market is very bullish at the moment. Demand is rising everywhere, especially in China and India,” Bob said.
He estimated the coal demand in the international market would continue to increase for at least the next five years, and that the surging demand would encourage the miners to boost their production.
“They will move on with exploration and exploitation. They will also seek for ‘unorganic’ growth through acquisition,” he said.
Bob added that as much as 59 million tons coal had been produced as of February this year.
“Therefore, the figure of 320 million is very much achievable,” he said.
Indonesian coal production stood at 238 million tons in 2008.
Of the 320 million tons estimated to be produced this year, Bob said the producers were required to allocate as much as 30 percent of their production for the domestic market to comply with the domestic market obligations (DMO) imposed by the government.
Bob said the percentage of production allocated to DMO was too high and would result in a glut in the domestic market.
“With a DMO of 30 percent, the coal supply for domestic market will reach around 90 million tons this year, while the actual domestic consumption is only at about 60 million tones. This means there is an oversupply by about 30 million tons,” Bob said.
The domestic demand for coal is increasing as state power firm PT PLN begins to begin operations at several new coal-fired power plants. The domestic coal demand rose to 56 million tons in 2009 from 41 million tons in 2004.
Coal and other mining commodities have been important sources for the state budget. The sector contributed as much as Rp 15 trillion in non-tax revenues last year and is expected to contribute the same amount this year.
Director general for minerals, coal and geothermal Bambang Setiawan said the government was preparing the sector to adopt the Extractive Industries Transparency Initiative (EITI), a global initiative obliging oil, gas, and mining companies to reveal what they pay and, as for the government, to disclose what they receive.
“This will reduce pressure on the mining industry, because the public can see directly what the companies have done and make fair judgment afterward,” he said.
Bob said companies would prefer the required information compiled by the initiative to be published through the government instead of through the companies.
EITI requires both the companies to publish what they have paid to the government and the government to disclose their revenue from the companies. The dual publication is expected to create transparency in the industry.
Source: The Jakarta Post ( By - Alfian)
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Ministry of Mines - Canada
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- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
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- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
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- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Indian Oil Corporation Limited
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- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
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- Bhoruka Overseas - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
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- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
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- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
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- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
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- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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